Insurance to value on rental properties

[Eric Mayers]

Hi all! I am an insurance agent who has written policies for a number of "casual" landlords (3-5 properties on average) and lately watching a few expand into true businesses with 10+ units.  Depending on the client and the home, I typically write Actual Cash Value policies at between 30 and 60% of replacement value if full replacement is not prudent.  I understand the rationale behind aiming on the lower $ coverage side since the exposure is spread out a bit more, but I would like to take the pulse of the industry:  are you more inclined to insure for less coverage with a lower deductible or insure for more coverage with a higher deductible, assuming premium is equal?  ACV is always a moving target with strange science behind it, just trying to see what appeals to the owners out there.  Thanks!